Loading…
The Bloomberg Dollar Index was on course for a 2.7% monthly drop in November and had fallen 12% from its March peak. Strategists expected further weakness as China's economic rebound and vaccine rollouts supported peers such as the euro, Aussie and Canadian dollar.
A sustained dollar decline tends to support dollar-priced grain and oilseed prices, and it lowers import costs for buyers using weaker currencies.
moneyweb.co.zaRuth Carson, BloombergNov 30, 2020After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
